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Starbucks (SBUX) Stock Down, Oppenheimer Doesn't Expect Q4 Earnings Upside

NEW YORK (TheStreet) -- Starbucks (SBUX) stock was lower in mid-afternoon trading on Monday as Oppenheimer doesn't expect Thursday's fourth-quarter earnings to be a positive catalyst for shares.

The firm doesn't anticipate upside from same-store sales or per-share earnings for the fourth quarter, and notes that comparisons will toughen even more during the December quarter.

The midpoint of the beverage company's fiscal 2017 guidance might be below consensus, and traffic could be negative for the first time since 2009, Oppenheimer adds.

But the firm reiterated an...